Enphase Energy: Projected Recovery Fails To Impress, Hold [Seeking Alpha]
Enphase Energy, Inc. (ENPH)
Last enphase energy, inc. earnings: 2/18 04:05 pm
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US:NASDAQ Investor Relations:
investor.enphase.com
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Source: Seeking Alpha
results, with revenues and profitability coming in well below consensus expectations. While revenues in Europe increased approximately 70% sequentially, sales in the company's core U.S. market were down by 34%, which management attributed to seasonality and a further softening in demand. Adding insult to injury, Q2/2024 guidance came in well short of consensus expectations. On the conference call, management reiterated previous expectations for channel inventory to normalize by the end of Q2 and remained optimistic in both Europe and the United States. With the mediocre outlook likely to result in another round of estimate and price target cuts, I do not see any reason to initiate or add to existing positions at this point. Consequently, I am reiterating my "Hold" rating on Enphase Energy's shares. Note: I have discussed Enphase Energy, Inc. NASDAQ: ENPH ) previously, so investors should view this as an update to my earlier coverage of the company. After the close of Tue
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ENPH
News
- INVESTOR ALERT: Law Offices of Howard G. Smith Announces Investigation of Enphase Energy, Inc. (ENPH) on Behalf of InvestorsBusiness Wire
- Glancy Prongay & Murray LLP, a Leading Securities Fraud Law Firm, Announces Investigation of Enphase Energy, Inc. (ENPH) on Behalf of InvestorsBusiness Wire
- Breaking News: Johnson Fistel, LLP Launches Investigation into EnphaseGlobeNewswire
- Enphase Energy Expands Deployments of Enphase Energy System with IQ Battery 5P in FloridaGlobeNewswire
- The Law Offices of Frank R. Cruz Announces Investigation of Enphase Energy, Inc. (ENPH) on Behalf of InvestorsBusiness Wire
ENPH
Earnings
- 4/23/24 - Beat
ENPH
Sec Filings
- 5/3/24 - Form 3
- 5/2/24 - Form 4
- 4/26/24 - Form 4
- ENPH's page on the SEC website